New Zealand GDP Beats Expectations But Dairy Weighs

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Rebecca Howard WELLINGTON, New Zealand--New Zealand's economy continued to expand in the second quarter but the pace of growth slowed as agriculture, forestry and mining output eased. Gross domestic product rose 0.7% on the quarter in the three months ...

CURRENCIES: Dollar Extends Gains; Pound Wobbles As Scots Go To Polls

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) -- The U.S. dollar pushed higher across the board, hitting a fresh six-year high against the yen in Asia, while the British pound found trading choppy as polling opened in Scotland for the closely ...

China PBOC Cuts 14-Day Repo Rate to 3.50%

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

SHANGHAI--China's central bank cut its 14-day repurchase agreement rate offered Thursday by 20 basis points, guiding market rates lower, after it kept the rate at 3.70% since it resumed offering the 14-day tool late July. "It's the central bank's alternative ...

ASX Offers to Buy 49% Stake in Yieldbroker

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Robb M. Stewart MELBOURNE, Australia--Australia's main securities exchange will join a host of banks as an investor in specialist electronic-markets company Yieldbroker, offering to buy a 49% stake for 65 million Australian dollars (US$58 million). ASX Ltd.'s planned shareholding ...

Brazil to Extend Affordable-Housing Program

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Paulo Trevisani BRASILIA--Brazil's Finance Minister Guido Mantega said late Wednesday that the government will extend its massive affordable-housing program. Mr. Mantega said that the program, known as My House, My Life, will be expanded by 350,000 units in early ...

Swiss August Exports Slip

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

ZURICH--Weaker European demand for Switzerland's pharmaceuticals and chemicals, precision instruments and watches, as well as one work day less, eroded export growth in August. Exports in August fell 3.4% year over year in real terms adjusted for inflation to 14.86 ...

Connecticut Gov. Malloy Releases Tax Returns

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Joseph De Avila Connecticut Gov. Dannel Malloy and his wife, Catherine Malloy, owed $65,897 in federal taxes for 2013 on total income of $305,534, according to returns released by his re-election campaign Wednesday. Mr. Malloy, a Democrat, earns $150,000 ...

Fed Plots Cautious Course on Rate Hikes--2nd Update

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Jon Hilsenrath The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis, but stopped short of the move markets are awaiting most: signaling when interest rates will ...

Swiss August Exports Slip as Demand for Chemicals, Machines Sags

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Neil MacLucas ZURICH--Weaker European demand for Switzerland's pharmaceuticals and chemicals, precision instruments and watches, as well as one work day less, eroded export growth in August. Exports in August fell 3.4% year over year in real terms adjusted for ...

South Korea to Increase Spending to Boost Growth

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

SEOUL--The South Korean government said Thursday it would increase spending next year by running a wider fiscal deficit in a stimulus effort to boost anemic growth in Asia's fourth-largest economy. The government budget plan for 2015, reported by the finance ...

Japan Logs Trade Deficit in August

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

TOKYO--Japan logged its 26th straight trade deficit in August, with the growing adverse effects of the weaker yen on import prices continuing to cast a shadow over Prime Minister Shinzo Abe's vision of using a yet-to-be seen surge in exports ...

Dollar Hits Fresh 6-Year High Against Yen After Fed Guidance

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Hiroyuki Kachi The dollar extended its rally in Asian trade Thursday, hitting another six-year high against the yen, with investors picking up the greenback after the Federal Reserve offered guidance on its plans to increase interest rates. As of ...

South Korea to Increase Spending in Effort to Boost Growth

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

By Kwanwoo Jun SEOUL--The South Korean government said Thursday it would increase spending next year by running a wider fiscal deficit in a stimulus effort to boost anemic growth in Asia's fourth-largest economy. The government budget plan for 2015, reported ...

Tokyo Shares Rise on Weak Yen

TODAY: Sept. 18, 2014 PUB DATE: Sept. 18, 2014

Tokyo stocks rose Thursday following Federal Reserve guidance on U.S. monetary policy overnight that sent the yen to its lowest level in six years against the dollar. The Nikkei Stock Average opened up 0.9% to 16036.47, the highest level since ...

Argentina Warns U.S. Diplomat Over Remarks to Local Newspaper

TODAY: Sept. 18, 2014 PUB DATE: Sept. 17, 2014

By Taos Turner BUENOS AIRES--Argentina's government scolded a U.S. diplomat on Tuesday for remarks he made about the country's recent default, implying he could be expelled if he makes similar comments again. Argentine Foreign Minister Héctor Timerman called for a ...

S&P Downgrades Venezuela on Worsening Economy -- Update

TODAY: Sept. 18, 2014 PUB DATE: Sept. 17, 2014

By Chelsey Dulaney and Kejal Vyas Standard & Poor's Ratings Services on Tuesday cut Venezuela's credit rating further into junk territory, citing President Nicolás Maduro's failure to take steps to combat rising inflation and a deepening economic crisis. S&P; downgraded ...

BOE Dissenters Fail to Attract Support --Update

TODAY: Sept. 18, 2014 PUB DATE: Sept. 17, 2014

By Paul Hannon And Jon Sindreu LONDON--Two officials at the Bank of England who first pushed for an immediate rise in interest rates in August failed to attract additional support at the Monetary Policy Committee's September meeting, according to minutes ...

China's PBOC Injects $81 Billion Into Top Banks

TODAY: Sept. 18, 2014 PUB DATE: Sept. 17, 2014

BEIJING--China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter a worse-than-expected slowdown in the world's No. 2 economy, according to a senior Chinese banking executive. The size ...